Quantitative methods and econometrics
Many questions in economics and finance involve quantifying relationships between variables. If the Reserve Bank Board increases interest rates by 0.5%, by how much will the demand for housing decline? By how much will the value of the Australian dollar rise? If a supermarket chain spends money on TV advertising, by how much will their sales increase?
Answering such questions involves measuring or forecasting changes in economic and financial variables - which is what econometrics is all about. It uses theory and data from economics, business and the social sciences, along with the tools of statistics, to answer 'how much' type questions.
View the subjects offered within the quantitative methods and econometrics field.